Overview

• Tesla’s Q2 revenue plunged 12% year-over-year to $22.5 billion, marking its steepest quarterly drop in more than a decade, and net income fell 16% to $1.2 billion.
• Tesla delivered 384,122 vehicles in the quarter, a 13.5% decline, even as it began first builds of a lower-cost model slated for volume production in the second half of 2025.
• The National Highway Traffic Safety Administration opened an investigation into Tesla’s Austin robotaxi pilot after videos surfaced showing driving errors.
• General Motors reported Q2 revenue of $47.1 billion but saw net income tumble 35% under a $1.1 billion hit from Trump-era tariffs, despite beating revenue estimates.
• GM plans to invest $4 billion in U.S. assembly capacity to more than double annual production within 18 months and counter mounting trade costs.